Market Insight

Half Day Roundup

Hong Kong stock market fluctuated today. The HSI fell 71 points after opening and then rose 139 points. It fell back to only rise 34 points, or 0.2%, to 19,254 at mid-day; the HSCEI rose 21 points, or 0.3%, to 6,842; The HSTECH rose 23 points, or 0.6%, to 4,004. The total mid-day turnover of the market was HK$69.60bn. JD.com (9618) sold US$1.75bn of convertible senior notes, and its stock price fell 1.9%. Electric vehicle stock Xpeng (9868) narrowed its first-quarter loss to Rmb1.37bn which beat consensus. Its stock price rose 13.2%. Lenovo Group (0992) was upgraded to "overweight" by a major bank, and its stock price rose 13.2% at mid-day.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.